Apollo, TPG Offered $250 Million for Caesars Deal, Filing Shows

  • Bondholders asked for ‘several times’ more, executives say
  • Bankruptcy judge has criticized Apollo for not chipping in

Apollo Global Management LLC and TPG Capital offered to pay $250 million to help get Caesars Entertainment Operating Co. out of bankruptcy, according to two Apollo executives, contradicting claims that the casino company’s private-equity sponsors refused to spend their own money to make peace with creditors.

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